(assignor) and oxy usa inc. - CA State Lands Commission Archives ...

RECOMMENDED ACTION:
It is recommended that the Commission:
CALENDAR ITEM NO. C53 (CONT'D)
CEQA FINDING:
1. Find that the activity is not subject to the requirements of CEQA
pursuant to Title 14, California Code of Regulations, section
15060(c)(3) because the activity is not a project as defined by
Public Resources Code section 21065 and Title 14, California Code
of Regulations, section 15378.
2. Find that this activity is consistent with the use classification
designated by the Commission for the land pursuant to Public
Resources Code section 6370, et seq.
AUTHORIZATION:
1. Consent to the assignment of 100 percent of Aera Energy LLC’s
interest in Leases Nos. PRC 91, PRC 163, PRC E392, PRC E400,
PRC E401, PRC 425, PRC 426, PRC 919, PRC 920, PRC 977,
PRC 980, PRC 983, PRC 985, PRC 986, PRC 989, PRC 997, PRC
999, PRC 1329, PRC 1331, PRC 1332, PRC 1333, PRC 1334,
PRC 1336, PRC 1337, PRC 1340, PRC 1345, PRC 4736, PRC
4887, and PRC 5663 to OXY USA, Inc., with the assignee to be
bound by all the terms and conditions of the Leases.
2. Approve the Parental Guarantee of Occidental Oil and Gas Holding
Corporation in a form substantially similar to that set forth in Exhibit
B of this calendar item.
3. Approve the Lease Amendment for the six (6) State Oil and Gas
Leases, the twenty-one (21) Oil and Gas Extension and Renewal
Agreements, the one (1) Drill Site Agreement and the one (1)
Agreement for Use of Easements in a form substantially similar to
that set forth in Exhibit C of this calendar item.
4. Authorize the Executive Officer or his designee to execute any
documents necessary to implement this assignment and lease
amendment.
-6-